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Dealerships to receive compensation from Honda for airbag losses

Honda instituted a massive recall of Honda and Acura vehicles equipped with Takata-made airbag inflators last January. Although this effort should be lauded by consumers endangered by these potentially deadly devices -- which can explode and shoot metal fragments into vehicles -- the Honda dealerships that sell these vehicles were hit hard financially. Dealerships were forced to halt sales on about 1.7 million new and previously owned automobiles, meaning that their profit-generating capacities came to a full stop.

In addition to not being able to sell cars, dealerships were also hit hard by financial costs associated with the need to redesign their showroom floors. Fortunately for these financially-strapped dealerships, Honda recently made an announcement that it will be compensating them for their monetary losses caused by depreciating vehicles and other recall-related costs.

Due to the prevalence of Takata-made airbags in so many different varieties of vehicles made by different auto manufacturers, there is little doubt that we haven't seen the last of injuries and deaths caused by these dangerous devices. Indeed, Takata airbags have caused numerous deaths throughout the world and it is doubtful that -- in spite of dealerships and auto makers' best efforts -- all of the affected cars will be cured of their deficiencies.

As such, any time a Naperville resident is injured or killed in a car accident that involved a deployed airbag, it is important for authorities, personal injury attorneys and victims to analyze whether or not an airbag defect may have caused the injuries and/or deaths. In cases where a defective airbag does appear to be the reason for the injuries and/or deaths, victims or their families may have strong claims for financial restitution in court.

Source: Seeking Alpha, "Honda to compensate U.S. dealers for Takata recalls," Yoel Minkoff, March 10, 2016

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    I was struck by a car while cycling and severely, almost fatally injured. A team of excellent medical professionals performed complicated and extensive surgical and medical procedures as part of a successful effort to restore my health....-Jeff D.

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    We found Mark [Mathys] through the web after an auto accident in October 2011. While selecting someone you don't know to represent you can be a gamble, we could not have made a better choice....- Dave

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    Mark [Mathys] is very professional. He responds almost immediately, via email, to any question, comment or concern I have and if he is not able to respond right away, he will let me know. I have been very satisfied with Mark so far and I am happy to be his client.-Jennifer

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    Mr. Mathys and Mr. Schneid were very professional and easy to talk to. Prior to working with them, my wife and I had no real experience with the legal system beyond a house closing, yet Mr. Mathys and Mr. Schneid explained the whole process to us very well. I knew that whenever I had a concern about our case or the legal system in general I could call their office or send an email and receive answers the same day...-Larry

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    I've dealt with attorneys on a variety of issues, almost all of them since leaving college and entering the workplace. Mr. Mathys was the first attorney I had any real experience with, and I was impressed then and remain so. He provided very wise advice and always kept me informed. In the end, he delivered a favorable result. I recommend him highly.- Tyler D.

  • "In-depth knowledge of the law"

    Mark [Schneid] is an excellent and skilled attorney and demonstrated in-depth knowledge of the law when he helped settle my dog bite lawsuit resulting from a traumatic incident. He explained what was needed of me and how I should handle the situation in a professional manner.- Karen K.

  • "They went to bat for me"

    Not long ago I was involved in a car accident where I was hit by a gravel truck at an intersection. After I called Mathys & Schneid, even though I didn't have a very large case, they made me feel like I was one of their most important cases. They went to bat for me with the trucking company's insurance and got me a settlement. I would definitely recommend them to my family and friends.-Dan H.

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